The 10-second takeaway
For the quarter ended July 2 (Q2), BJ's Restaurants missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share shrank. GAAP earnings per share shrank.
Margins dropped across the board.
BJ's Restaurants reported revenue of $198.5 million. The 16 analysts polled by S&P Capital IQ expected revenue of $202.4 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $180.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.31. The 18 earnings estimates compiled by S&P Capital IQ forecast $0.32 per share. Non-GAAP EPS of $0.31 for Q2 were 3.1% lower than the prior-year quarter's $0.32 per share. GAAP EPS of $0.30 for Q2 were 3.2% lower than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 19.7%, 70 basis points worse than the prior-year quarter. Operating margin was 6.2%, 100 basis points worse than the prior-year quarter. Net margin was 4.3%, 70 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $199.2 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $798.6 million. The average EPS estimate is $1.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 454 members out of 500 rating the stock outperform, and 46 members rating it underperform. Among 208 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 196 give BJ's Restaurants a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BJ's Restaurants is outperform, with an average price target of $39.07.
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